Indian Indices:
Indian markets are poised to open flat on last trading day of the year after Asian stocks and the dollar were off to a subdued start. SGX Nifty is trading 14.50 points higher.
The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month December 2016 series to January 2017 series. The near month December 2016 derivatives contracts expire today, December 29, 2016.
Indian shares recovered from recent losses to close at their highest in more than one week on Thursday, after a volatile trading session ahead of the expiry of monthly derivative contracts. The S&P BSE Sensex and CNX Nifty rose 0.59%-0.86% each.
Global Market:
Asian stocks and the dollar were off to a subdued start on Friday as investors took profits on the last trading day of 2016, while the euro briefly spiked in thin trade.
Britain's top share index posted its highest-ever closing level on Thursday following a rally in precious metals miners on stronger gold prices, although weaker banks dragged down a pan- European index in holiday-thinned trade.
Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year.
Major Headlines of the day:
• Jagran Prakashan Board To Consider Buy-back Of Shares On Jan 5
• ONGC cleared GSPC deal without enough independent directors
• Aditya Birla Idea Payments Bank to launch in first half of 2017
Trend in FII flows: The FIIs were net buyers of Rs - 662.29 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs 957.83, as per the provisional figures
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